U.S. Q3 GDP revised higher on upbeat personal consumption, economy seen to remain modestly healthy

Dec 23, 2016 05:14 am UTC| Commentary Economy

The gross domestic product (GDP) of the United States was revised higher during the third quarter of this year, following upbeat performance in personal consumption, amid healthy growth in the countrys services sector as...

U.S. initial jobless claims rise to 6-month high in December, raise doubts over Yellen’s hawkish tone

Dec 23, 2016 04:29 am UTC| Commentary Economy

Initial jobless claims in the United States rose to 6-month high during the period of December, raising doubts over the hawkish tone delivered by Federal Rserve Chair Janet Yellen in the latest monetary policy meeting held...

Fuel efficiency standards could help curb Australia's persistently growing emissions

Dec 23, 2016 00:58 am UTC| Insights & Views Economy

This week, the Australian government announced plans that will ultimately require cars sold in Australia to match international fuel efficiency standards. The resulting savings over the life of a typical vehicle would...

Mexico's economy likely to stagnate in 2017 - BNP Paribas

Dec 22, 2016 16:40 pm UTC| Commentary Economy

Donald Trumps election as US President is a significant factor of uncertainty for the Mexican economy. Mexicos foreign trade (renegotiation of NAFTA) and immigration are liekly to be impacted. Owing to the high budget...

German GDP growth to slow slightly in 2017, says Deutsche Bank

Dec 22, 2016 15:33 pm UTC| Commentary Economy

Deutsche Bank expects German GDP growth will see some slowdown in 2017 following considerable momentum over the last two years. However, Deutsche Bank believes that the underlying robust domestic economic growth path...

BoT likely to remain on hold through 2017, growth prospects remain muted

Dec 22, 2016 12:27 pm UTC| Commentary Central Banks Economy

The Bank of Thailand (BoT) is expected to remain on hold through 2017. As widely expected, the central bank left rates unchanged at 1.5 percent for the 13th straight meeting Wednesday. The economy faces increasing downside...

India taking a step on the road to cashless economy

Dec 22, 2016 11:47 am UTC| Insights & Views Economy

It was a move that could have brought Indias economy to a shuddering halt. Indeed, the seemingly endless queues outside banks, and the difficulty of spending cash at shops and stalls may have seemed like it did. But the...